Cement News tagged under: corporate
Dangote Cameroon cement sales stable at 1.2Mt in 201807 March 2019, Published under Cement NewsDangote Cement sold 1.2Mt of cement in Cameroon in 2018, reflecting stable sales when compared with the previous years, according to the Nigeria-based company. Dangote Cameroon said the stagnation of its performance can be explained partly by the arrival of “a new competitor” in the market, Cameroonian company Egin SA, which produced around 100,000t in 2018. In addition, following price cuts by competitors earlier in the year, the average cement price in Cameroon reached US$107/t at the ... |
Eagle Cement records net profit increase in 201807 March 2019, Published under Cement NewsPhilippines-based Eagle Cement Corp has recorded a 13 per cent YoY rise in net profit to PHP4.8bn (US$91.98m) in 2018, on the back of a double-digit expansion in sales volume. Net sales advanced 11 per cent YoY to PHP16.5bn for the full-year period. In the 4Q18, the company’s net income surged 36 per cent YoY to PHP1.3bn while sales increased 19 per cent to a quarterly record of PHP4.3bn. "While we are faced with challenges in the industry, we remain steadfast to expand the company to ... |
Suez Cement returns to profitability in 201807 March 2019, Published under Cement NewsEgypt’s Suez Cement reported a net profit of EGP121.43m (US$6.95m) in its full-year 2018 consolidated results, compared with a loss of EGP1.13bn in the previous year. Sales increased 14.9 per cent YoY to EGP7.42bn from EGP6.46bn. The company’s standalone profit also increased to EGP199.86m for 2018, against a loss of EGP441.79m in 2017. |
Dangote Cement to become largest cement exporter in sub-Saharan Africa06 March 2019, Published under Cement NewsAliko Dangote, president of Dangote Industries Ltd, has revealed the target set for Dangote Cement’s export plans by next year. "By next year we will be the largest exporter of cement in sub-Saharan Africa with about US$600m worth of cement export to other African countries with limited access to limestone," he said. Speaking at the 2018 Dangote Cement Distributors' Award Night, Mr Dangote also noted the role cement terminals will play in these plans. "In addition, we also have new termina... |
Foundation stone laid for second Chinese cement plant in Nepal06 March 2019, Published under Cement NewsHuaxin Cement plant, a Chinese-Nepali joint venture, at Benighat Rorang Rural Municipality in Dhading, Nepal laid the foundation stone for its new plant on 1 March 2019. Nepal's Speaker of House of Representatives, Krishna Bahadur Mahara (1st R), and Vice President of China's Huaxin Cement, Xu Gang (2nd R), attend the foundation stone-laying ceremony. This is the second plant for the Chinese-Nepali joint venture in the domestic cement industry after Hongshi-Shivam Cement, formally began... |
French judges drop case against former LafargeHolcim CEO06 March 2019, Published under Cement NewsEric Olsen, former LafargeHolcim CEO, is no longer being investigated by French judges as part of a wider investigation into whether the company helped finance terrorism in Syria. "I am very pleased that the justice system has decided to drop the investigation into me for financing terror. This decision restores my honour and will allow me to pick up the thread of my career, after I fought for long months to establish the truth," said Mr Olsen. French authorities have been investigating wh... |
Lafarge Zambia appoints new CEO06 March 2019, Published under Cement NewsLafarge Zambia (LafargeHolcim group) has appointed Jimmy Khan as its new Chief Executive Officer. Board Chairman, Muna Hantuba, stated Mr Khan's appointment is with immediate effect. "Mr Khan holds a Bachelor of Science in Business with a major in Accounting and Information System from Virginia Tech University in the United States of America. His career with Lafarge spans 14 years, with his previous roles within the group having included Country Business Process Manager, Audit Manager and H... |
Eagle Cement denies reports of Holcim Philippines acquisition05 March 2019, Published under Cement NewsEagle Cement Corp has released a clarification statement denying reports that it had submitted a bid for Holcim Philippines this week. The statement reads: "By way of clarification and response to the exchange, we advise that [the] company is not involved in any discussion for the acquisition of Holcim Philippines ("Holcim"). However, we further advise that Mr Ramon S Ang, chairman of the company, expressed on several occasions interest in the assets of Holcim." Holcim Philippines has also... |
Cemex to invest EUR4.85m in Gijon cement plant05 March 2019, Published under Cement NewsCemex plans to invest EUR4.85m (US$5.5m) in the construction of a cement plant and distribution centre in Gijón port, Spain. The facility will include two silos with a height of 43.5m and will be located in the second section of the Ingeniero Olano wharf. Each silo will have a capacity of 6000t of cement. Cement unloading will be carried out through a pipe at the end of the Olano wharf, which would run underground to the silos. The company plans to sell cement in bulk as well as in palle... |
Eagle Materials to make CEO transition in July05 March 2019, Published under Cement NewsUSA-based Eagle Materials has announced that Dave Powers, CEO, will retire from this role on 1 July 2019. Mr Powers will remain on the board of directors and will be succeeded by Michael Haack, the current president and COO at the company. "Michael has been instrumental in building upon the company’s enviable low-cost positions and sustainable advantages, particularly as they relate to the scale of operations that Eagle represents today," said Rick Stewart, chairman. "We are also enormously... |